The analysis with the HJB Risk-Maturity-Model is the basis for the evaluation and the optimisation of risk management systems. With this quick-check, which takes 3 to 5 days depending on the size and complexity of your company, you receive a prompt feedback, where you stand with your risk management system and where action is needed. Following I give you a quick insight into the 4 levels of the HJB Risk-Maturity-Model.
HJB Risk-Maturity-Modell
Level 1
- Risk management as an ad-hoc reaction to problems occurred
- No processes in place for the systematic identification and evaluation of risks
- Missing awareness for the need of risk management
Level 2
- Isolated activities managing risks
- Task of specialists
- No comprehensive, up to date survey about the risks the company faces
Level 3
- A company-wide process for the identification and evaluation of risks has been established
- Actions are defined to reduce risks
- Metrics for the evaluation and steering of risks and a risk report are available
- Emphasis is placed on the compliance with external requirements and the recording and administration of risks
Level 4
- An up-to-date risk strategy exists derived from the business strategy
- The risk management system is part of the controlling process and risks are managed actively
- The company cultivates an open risk culture driven by the Board
- Risk information is used for the continuous improvement of business processes
- Responsibilities and accountabilities in the risk management process are clearly defined